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Women in Workforce Boosts ROI – BlackRock  

Companies with the most diverse workforces outperformed their country and industry group peers with the least diverse workforces in terms of returns on assets (RoA) by 1.6 percentage points (29%) per year, on average, over the 2013-2022 period, new research from BlackRock has found. The research also found that companies where middle management best mirrors women’s representation in the overall workforce generated 36 basis points higher risk-adjusted monthly returns compared to peers where the diversity metric is poor, over 2016-2022. Another interesting finding in the research is that there may be a persistent glass ceiling, making it difficult for women to reach the very top ranks. “We find that the MSCI World Index companies with female CEOs have outperformed companies run by men by 1 percentage pointon average on the RoA measure over the 2014-2022 period; nevertheless, the drivers’ seat of the biggest corporations are heavily dominated by men, with women making up only 6% of CEOs as of 2022,” the report noted.  


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